my neighbors house went up for sale 4 months ago, we were tempted to buy but didn't. it was bought buy a group of koreans and then put up for rent.. a month later it was rented and i guess the guy never paid because after a few months he moved out in the middle of the night, next morning 6 koreans were banging on his door. so now they put the place up for sale for $100k over what they paid just 4 months ago. they must be crazy because there is no way it will appraise for that high when it was at the top when they bought it. just means my street will be a little quieter for a while longer.
about what can happen with market slowing,people wont sell now,they will rent.Then you end up with Ahole neighbors with crap yard